Cost Accounting: Decision Making
- Offered byCoursera
Cost Accounting: Decision Making at Coursera Overview
Duration | 8 hours |
Start from | Start Now |
Total fee | Free |
Mode of learning | Online |
Difficulty level | Intermediate |
Official Website | Explore Free Course  |
Credential | Certificate |
Cost Accounting: Decision Making at Coursera Highlights
- Earn a Certificate upon completion from Coursera
- Get flexible deadlines in accordance to student's schedule
- Course 3 of 3 in the Cost Accounting Specialization
Cost Accounting: Decision Making at Coursera Course details
- In the third course, students will learn how to use information from cost accounting to improve managerial decision-making
- Discuss business decisions and suggest how cost information can support them best
Cost Accounting: Decision Making at Coursera Curriculum
Cost functions and determining how costs behave
Elementary cost functions
Combinations of elementary cost functions
Cost function, cost drivers, and the time horizon
Simplifying cost functions and the relevant range
Analytical methods
Statistical methods
Documenting cost forecasts
Course Overview
Introduce yourself!
Lecture slides for this course
Outlook: How to apply ?sticky costs? in advisory services
Practical example: Statistical cost determination in a hospital
Deriving and visualizing cost functions in Excel
Identifying typical cost functions
Determining cost functions
Calculating planned cost-allocation rates
Statistical methods for determining cost functions
Documenting cost forecasts for varying capacity levels
Cost-volume profit analysis
Objectives of cost-volume profit analysis
CVPA for a single product
Considering target profits in CVPA
Cost-volume profit analyses for multiple products
Cost-volume profit analyses with a constant sales mix
Assumptions of cost-volume profit analysis
Sensitivity analysis
Margin of safety percentage
Insourcing versus outsourcing
Operating leverage
Introduction to cost-volume profit analysis
CVPA for a single product
CVPA and target profits
CVPA for multiple products
Cost-volume profit analysis
CVPA with uncertain input parameters
Case study: RFID labels
CVPA and cost-structure flexibility
Repeat CVPA
CVPA in a company with two products
Cost and revenue information for operative decisions
The decision making process
Planning objects, horizon, objectives and constraints
Quantitative and qualitative information
Characteristics of decisions under uncertainty
Requirements for information from accounting
Sunk costs, opportunity costs and operative decisions
The effects of using full-cost information
Determining the optimal product mix
Price setter vs. price taker
Lower price limits for negotiations and tenders
Long-term pricing decisions
Deep dive: Opportunity costs in medical treatments
Absorption costing and make-or-buy decisions
More on outsourcing and offshoring
What do I learn in the other courses of the Specialization?
The decision making process for operative decisions
Opportunity and sunk costs
Choosing the optimal product mix
Basics of pricing decisions
Pricing decisions
Product-mix decision at Bryan's Bakery
Cost Accounting: Decision Making at Coursera Admission Process
Important Dates
Other courses offered by Coursera
Student Forum
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